European Event-Driven Analyst

Jesus Rodriguez Aguilar

Jesús is an Insight Provider (Event-driven) on the Smartkarma network, where he looks across sectors at opportunities arising from securities mispricing (both credit and equity), share classes, bid announcements, prospective bids, and special situations. He has served as Economic and Business Advisor at the Spanish Congress in Madrid. Prior to that, he has worked in the City of London: as a Credit Analyst at Bloomberg; Event-driven associate at former boutique European Research; and doubled as Special Situations and Equity-linked VP (convertible bonds) at Merrill Lynch. Jesús has an MBA from the London Business School, a BA (Hons.) degree in Economics from the Complutense University in Madrid, and a BA (Hons.) in Law from U.N.E.D., also in Madrid.

Selected European HoldCos and DLC: April 2026 Report

GBL Q1: Execution Continues, Discount Stabilises Near Multi-Year Lows

Selected European HoldCos and DLC: May 2026 Report

Selected European HoldCos and DLC: February 2026 Report

Vivendi: Mandatory Buyout in Motion – High-Conviction Risk Arb with 30%+ Upside

Selected European HoldCos and DLC: January 2026 Report

Rio Tinto / Glencore: M&A as a Stress Test for the Dual-Listed Structure

Event-Driven

<ul>
<li>Dispersion has returned across European holdcos. Vivendi moves back into dislocation, while Nordic structures remain anchored near parity, offering limited convergence and behaving as directional equity exposure.</li>
<li>Event-Driven setups dominate the opportunity set. Vivendi offers legal-driven asymmetry, while Rio provides conditional optionality on renewed strategic pressure, both requiring timing discipline rather than valuation conviction.</li>
<li>Elsewhere, discounts reflect equilibrium. GBL continues gradual compression through execution, while Porsche remains structurally wide but catalyst-free, leaving returns driven primarily by underlying asset performance.</li>
</ul>


Dispersion has returned across European holdcos. Vivendi moves back into dislocation, while Nordic structures remain anchored near parity, offering limited convergence and behaving as directional equity exposure.
Event-Driven setups dominate the opportunity set. Vivendi offers legal-driven asymmetry, while Rio provides conditional optionality on renewed strategic pressure, both requiring timing discipline rather than valuation conviction.
Elsewhere, discounts reflect equilibrium. GBL continues gradual compression through execution, while Porsche remains structurally wide but catalyst-free, leaving returns driven primarily by underlying asset performance.


Selected European HoldCos and DLC: March 2026 Report

Vivendi SE

Selected European HoldCos and DLC: March 2026 Report